Triple Frond Partners LLC

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Triple Frond Partners LLC reported 12 stock positions worth $962.9 million. Its top holding was ASML Holding NV-NY Reg SHS (ASML) at 16.3% of the portfolio, followed by Microsoft (MSFT, 13.6%) and Transdigm (TDG, 12.8%). Compared with Q4 2025, it opened 1 new position, sold out of 1, added to 5 and reduced 2. The biggest buy was a new position in Mastercard Class A (MA) and the biggest sale an exit from Lam Research (LRCX).

Most Recent 13F
Q2 2026
Location
SAN FRANCISCO, CA
CIK
0001454502
Portfolio Value
$962.9M (Q1 2026)
SEC Filing
0001454502-26-000005 ↗ filed May 15, 2026

Holdings Value

0$500.0M$1.0B$1.5B Q1 2024: $878.6M Q1 2024 Q2 2024: $852.3M Q2 2024 Q3 2024: $772.9M Q3 2024 Q4 2024: $772.5M Q4 2024 Q1 2025: $739.9M Q1 2025 Q2 2025: $884.6M Q2 2025 Q3 2025: $918.0M Q3 2025 Q4 2025: $962.2M Q4 2025 Q1 2026: $962.9M $962.9M Q1 2026 Q2 2026: $1.1B Q2 2026

Holdings 12 stocks · $962.9M
ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 16.31% 118,917 $157.1M Add +11.4%
MSFT Microsoft Corp. 13.55% 352,504 $130.5M No change
TDG Transdigm Group Inc. 12.82% 106,544 $123.5M Add +2.5%
GOOG Alphabet Inc. Class C 10.53% 353,459 $101.4M No change
AMZN Amazon.com Inc. 10.35% 478,534 $99.7M No change
MA Mastercard Inc. Class A 9.11% 175,472 $87.7M New
META Meta Platforms Inc. Class A 6.99% 117,628 $67.3M Add +20.8%
TRU Transunion 5.88% 817,828 $56.6M Add +48.4%
ILMN Illumina Inc. 3.92% 306,460 $37.8M Reduce -18.1%
LYV Live Nation Entertainment Inc. 3.72% 234,765 $35.8M Reduce -8.2%
CHTR Charter Communications Inc. Class A 3.45% 153,725 $33.2M No change
CCC CCC Intelligent Solutions Ho 3.37% 5,413,036 $32.5M Add +12.7%

Portfolio Sells Q4 2025 → Q1 2026
LRCX Lam Research Corp. Sold out 0.00% −5.26
ILMN Illumina Inc. Reduce -18.1% 3.92% −1.18
LYV Live Nation Entertainment Inc. Reduce -8.2% 3.72% −0.07

Portfolio Buys Q4 2025 → Q1 2026
MA Mastercard Inc. Class A New 9.11% +9.11
ASML ASML Holding NV-NY Reg SHS Add +11.4% 16.31% +4.44
TRU Transunion Add +48.4% 5.88% +0.96
META Meta Platforms Inc. Class A Add +20.8% 6.99% +0.31
CCC CCC Intelligent Solutions Ho Add +12.7% 3.37% −0.60
TDG Transdigm Group Inc. Add +2.5% 12.82% −1.54

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 13$1.1BASML, TDG, MSFT, AMZN, GOOG
Q1 2026 12$962.9MASML, MSFT, TDG, GOOG, AMZN
Q4 2025 12$962.2MMSFT, TDG, ASML, GOOG, AMZN
Q3 2025 11$918.0MMSFT, GOOG, AMZN, ASML, TDG
Q2 2025Amended 10$884.6MMSFT, GOOG, TDG, AMZN, META
Q1 2025 10$739.9MMSFT, TDG, GOOG, AMZN, CHTR
Q4 2024 9$772.5MGOOG, MSFT, AMZN, V, TDG
Q3 2024 9$772.9MGOOG, TDG, AMZN, V, MSFT
Q2 2024 11$852.3MCHTR, GOOG, AMZN, MSFT, TDG
Q1 2024 11$878.6MCHTR, TDG, GOOG, AMZN, MSFT